secwatch.observer — SEC 8-K summary
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Issuer:     CONSUMER PORTFOLIO SERVICES, INC. (CPSS)
CIK:        0000889609
Form:       8-K
Filed at:   2023-03-15T23:59:59+00:00
Accession:  0001683168-23-001505
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPS reports record FY2022 net income of $86M ($3.23 EPS); revenue up 23% YoY
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- Q4 2022 net income $14.1M ($0.59 diluted EPS) vs $19.0M ($0.71) in Q4 2021.
- Full year 2022 net income $86.0M ($3.23 diluted EPS) vs $47.5M ($1.84) in 2021, record earnings.
- Full year new contract purchases $1.854B, up 62% YoY; managed portfolio exceeded $3B for first time.
- Revenues $329.7M for 2022, up 23.1% from $267.8M in 2021.
- Annualized net charge-offs rose to 5.83% in Q4 2022 from 2.57% a year ago; delinquencies 12.62% vs 10.53%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889609/000168316823001505/0001683168-23-001505-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889609/000168316823001505/cps_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-001505

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer